Philippine growth quickens less than estimated

MANILA: Philippine economic growth accelerated less than analysts estimated last quarter, underscoring the external risks that policy makers are guarding against even as spending by households and the government climb. The peso fell.

Gross domestic product increased 6% in the three months through September, the Philippine Statistics Authority said in Manila yesterday. That compares with a median estimate of 6.3% in a Bloomberg survey of 21 analysts, and a 5.8% pace in the second quarter.